The new age of business is paperless and cashless. As such, technology has taken over every aspect of retail and restaurant industries. These are the same two industries dominated by the use of POS systems. All of these systems have been created to be massive stationary units which could stand up to the persistent use by employees who are less than gentle on their work equipment. The new trend is to actually move away from such tough equipment to utilize something a little sleeker and provide a lot more options. There are even upscale restaurants utilizing the iPad to take orders and accept credit card payments right at the table, according to Inc.com.
Comparison Between of Payment Processors in Malaysia
In Malaysia, online shopping grows tremendously in the recent years. In the year, 2010, the market size for online shopping was approximately RM 1.8 billion. The figure is expected to grow over RM 5 billion in 2014, which represent 35 percent increase per year
Low prices, convenience, easy to compare & save time are among the main reason why Malaysian shop online.
Entrepreneurs may want to take advantage of the scenario by launching an online shopping website. If you’re one of them or planning to be, you want to explore the choice of Payment Processors that is available in Malaysia.
GrouponPayments: Is It a PayPal-Killer?
Groupon is launching a new payments service apparently targeting small-to-medium-sized business merchants allowing them to accept credit/debit cards as forms of payment. This swiper system, called GrouponPayments, boasts a 1.8% rate on all swiped transactions for Discover, MasterCard, and Visa transactions, as well as a 3% rate on American Express purchases. With its highly competitive rates, heightened security, and other features, Groupon has become an unlikely player on the merchant accounts stage. Here’s a brief article on merchant account providers.
The hardware for this system is solid and well-developed. There are two options for card-swiping hardware; a standalone swiping unit and an audio-jack plug-in accessory. The standalone option is rugged and durable for high-volume card-swipe transactions, while the plug-in device is more suitable for ultraportable, road-warrior needs with a lower volume of swipes, although it, too, appears to be of a fairly rugged design. Both card reader units utilize highly advanced, best-in-class encryption methods, keeping customers’ information safe and secure.